5, GREENWOOD, WILLAND, CULLOMPTON, EX15 2SY - £259,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 GREENWOOD is a very small detached house of 77m², built sometime between 1996 and 2002, which could now be worth an estimated £300,541. It was last sold for £259,000 in September 2019, which was around 29% below the average September 2019 detached price in the Mid Devon local authority area. The most recent EPC inspection was November 2013, where the current energy rating was C, and the potential energy rating was B.

5 GREENWOOD Sold Prices

Land registry data shows three sales for 5 GREENWOOD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Devon local authority area for the corresponding sale date. All of the three 5 GREENWOOD sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 20 SEP	£259,000	£363,423	29% below HPI
2016 8 JUL	£237,950	£320,420	26% below HPI
2004 22 APR	£166,651	£238,361	30% below HPI

5 GREENWOOD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Devon local authority area over time, sourced from the HPI. The three 5 GREENWOOD sales between April 2004 and September 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 2016 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the September 2019 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 5 GREENWOOD be worth now?

5 GREENWOOD might now be worth an estimated £300,541.

This is based on house price inflation of 16%, between September 2019 and February 2025, for detached houses, in the Mid Devon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16% inflationary increase is applied to the most recent sale price for 5 GREENWOOD of £259,000 on 20th September 2019. For the value to have increased from £259,000 to £300,541 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of 5 GREENWOOD has moved in line with the HPI for detached houses in the Mid Devon local authority area.
• The September 2019 sale price of £259,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GREENWOOD has not materially changed since September 2019.

How Large is 5 GREENWOOD?

5 GREENWOOD is 77m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 20% of detached houses houses in Willand, based on EPC data. The below chart shows the distribution of detached houses houses by size in Willand, and where 5 GREENWOOD lies on this distribution: 13% of detached houses houses are smaller than 5 GREENWOOD, and 86% of houses are larger. Note that EPC data is not available for all properties in Willand.

5 GREENWOOD: Plot and Title Map

5 GREENWOOD sits on a plot of roughly 0.044 of an acre, or 178m². The below map shows the location of 5 GREENWOOD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 5 GREENWOOD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 5 GREENWOOD?

5 GREENWOOD is located in WILLAND, in the EX15 postcode district. The below map shows the position of No. 5 on GREENWOOD.